PBOC cash in­jec­tions to ease liq­uid­ity strains

The Peo­ple’s Bank of China con­tin­ued to pump money into the fi­nan­cial sys­tem on Tues­day to ease liq­uid­ity strains. The cen­tral bank of the na­tion con­ducted 150 bil­lion yuan ($23.6 bil­lion) of seven-day re­verse re­pur­chase agree­ments, a process in which the cen­tral bank buys se­cu­ri­ties from banks with an agree­ment to re­sell them in fu­ture. The re­verse repo was priced to yield 2.35 per­cent, un­changed from the yield of the last re­verse repo con­ducted by the PBOC on Thurs­day.